Clinton -- doomed & wagging, Japan collapses, Y2K bug, etc Message Board

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Politics : Clinton -- doomed & wagging, Japan collapses, Y2K bug, etc

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To: Bill Grant who wrote (400)	9/20/1998 2:09:00 PM
From: KIWI	of 1151

Hi Bill I agree with you that the IMF needs to be completely revamped. Take for example the IMF encouraged Mexico to replace its vital crops (eg maize)with cash crops- like strawberries and exotic fruits. The IMF also made sure that any trade protection for the country's agricultural goods was lifted. So Mexico's export crops now compete with those from the USA, which,as in many northern countries, are highly subsidised and protected, using all available techniques to improve their quality. Mexico now has to import 20% of its maize from the USA, 20% of mexicans have no cash income, and more than 30%make less than the minimum wage of $3 a day

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